On average prices have dropped 39% for the second wines with Carruades de Lafite being the worst of all with a 46% slump since peaking in June 2011.

As Liv-ex explained, this turn of events is not surprising given the “unsustainable” levels to which these wines rose.

Carruades for example is still five times more expensive than its original release price.

Turning its attention to the Super Seconds, Liv-ex found that the average price drop has been 20% since 2011, and Léoville Las Cases, with 98 points from Robert Parker, is now just £120 a case more expensive than it was on release.

The five châteaux that have seen the biggest declines are: Ausone (54%), Lafleur (49%), Cheval Blanc (48%), Haut-Brion (47%) and Duhart-Milon (46% and followed by Carruades).

As Liv-ex noted: “The market’s decline is bad news for those who purchased their 2005s when the market was running hot, for those who didn’t there would seem to be plenty of opportunity.”